That's not true, the grades above that table are in the $350-$500 range. This range includes your basic minimalistic tables that are both solid and produce nice sound.

Pro-ject has a newer table out with a carbon fiber tonearm that's about $400.

I never doubted they exist, I just never really came across them since there doesn't seem to be any linear guides for buying turntables in certain price ranges like I usually find for most other things I want to buy.